Operational Update
Ophir provides the following operational update on the Bualuang Field ahead of its Annual General Meeting today.
Bualuang, Thailand
Ophir has a 100% operated interest in the Bualuang oil field in the Gulf of Thailand.
Bualuang, Thailand
There have been two phases of development to date and there is potential for a third phase to bring a significant proportion of the 15.5 mmbo of contingent resource on-stream. An investment decision on this is expected to be taken in 2016.
CloseKey highlights
Key highlights
- The Bualuang field produced its 25 millionth barrel in October 2015
- Acquired 3D ocean bottom node seismic survey at the Bualuang field
Outlook
- Reviewing plans for next phase of the development with FID expected in 2016
- Completing the facilities’ de-bottlenecking project on the Bualuang field
- Production in 2016 forecast to be between 8,000 and 9,000 bopd
100%
operated interest in the Bualuang oil field
The Bualuang oil field in the Gulf of Thailand has been on-stream since 2008. The field was initially thought to contain 15 mmbo of 2P reserves and have a productive life of approximately five years. However, the field has undergone numerous reserve upgrades and by October 2015, it had produced its 25 millionth barrel.
There have been two phases of development to date and there is potential for a third phase to bring a significant proportion of the 15.5 mmbo of contingent resource on-stream. An investment decision on this is expected to be taken in 2016.